Equity Capital Markets
Issuance in the equity capital markets this week amounted to $740 million from 10 deals, pushing total volume so far this year over the $60 billion mark. The top three in the league table rankings remain unchanged with Goldman Sachs in first position followed by Citigroup and UBS.
The largest issue of the week was a $214 million bought deal for Bank Central Asia led by Deutsche Bank. The German house sits in seventh place in the league tables with $3.7 billion from 20 issues.
JPMorgan was the only mover in the rankings, climbing up a notch to fourth position with $4.9 billion from 29 deals. The US bank ran the books on a $55 million follow on for Singapore's Hyflux.
Bookrunners Cazenove and Morgan Stanley have launched a $110-$150 million IPO for China Paradise Electronics and Goldman Sachs is about to price a $175 million IPO for China Yurun Food.
Debt Capital Markets
Total issuance in the debt capital markets this week dropped to $200 million from one trade after the highs reached last week. Bank positions remain the same in the league tables with Deutsche Bank sitting in first place with $4.3 billion from 16 deals followed by Citigroup and JPMorgan.
Malaysia's Sarawak International raised $200 million via bookrunner Deutsche Bank. Deals expected to price next week include China Development Bank's $1 billion trade led by Barclays, BNP Paribas, Citigroup, Goldman Sachs, HSBC, JPMorgan, Merrill Lynch and UBS. ABN AMRO, BNP Paribas and UBS will also be printing a $500 million deal for Woori Bank.
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